So with that stated.. where does he currently stand in the marvel universe? Do you think that hes being treated as a major character at the moment?

Plus, im not only ref. comic books but also movie form. I love Ian McKellen but I dont think selecting him, gave justice to the viral presence that Magneto's character holds.

Magneto just came back. He flies down to the X-men's new utopia and Cyclops instantly calls for them to go into some battle plan they created just for him, so yes he is treated as a major threat. Magneto never stays out of the picture for too long and it looks like hes coming back again.

In the Ultimate universe the ridiculous reset was basically Magneto owning the world. He created a tidal wave that wiped out New York and was responsible for a plan that basically killed 60% of the Marvel heroes.